When SKYY debuted nearly two years ago, some critics assailed the fund for being too much of a niche concept to appeal to investors. However, the ETF has attracted almost $94 milion in assets under management and has posted gains of 15% in the past 12 months.
Obviously, Netflix is a recognizable stock and one that makes it easy for investors to pay some attention to SKYY every now and then. However, the ETF could offer some long-term growth as spending on public cloud services is expected to jump to $210 billion by 2016 from less than $80 billion in 2010, reports Louis Columbus for Forbes.
First Trust ISE Cloud Computing Index Fund
ETF Trends editorial team contributed to this post.